{"id":14119,"date":"2017-09-01T00:00:00","date_gmt":"2017-09-01T00:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/how-to-run-corporate-hackathons\/"},"modified":"2017-09-01T00:00:00","modified_gmt":"2017-09-01T00:00:00","slug":"how-to-run-corporate-hackathons","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/how-to-run-corporate-hackathons\/","title":{"rendered":"How to Run Successful Corporate Hackathons with Ideation Software"},"content":{"rendered":"<div class=\"feature-image\"><img decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/media.planview.com\/spigit-blog-media\/wp-content\/uploads\/2017\/08\/hackathon-best-practices-blog.png\" alt=\"\"><\/div>\n<p>&#x201C;Every human being has a great idea.&#x201D;<\/p>\n<p>This quote by Lale Kesebi, Chief Communications Officer and Head of Strategic Engagement at Li &amp; Fung, perfectly sums up an opportunity that&#x2019;s right in front of every company&#x2019;s face.<\/p>\n<p>Whether your organization has 100 or 100,000 employees, each individual has ideas for new products or improvements, drawn from their day-to-day experiences and knowledge.<\/p>\n<p><a href=\"\/how-facebook-made-innovation-a-daily-habit\">Forward-looking companies<\/a> such as Citi, Siemens, UnitedHealth Group, and others see the collective intelligence of all their employees as a significant competitive advantage. An advantage they can&#x2019;t afford to ignore during a time when disruption is coming from every angle.<\/p>\n<p>One of the ways these companies are turning the intelligence of their workforce into valuable outcomes is through hackathons.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/how-to-run-corporate-hackathons\/#What_is_a_hackathon\" >What is a hackathon?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/how-to-run-corporate-hackathons\/#Best_practices_for_corporate_hackathons_using_ideation_software\" >Best practices for corporate hackathons using ideation software<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_hackathon\"><\/span><span class=\"header2\">What is a hackathon?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you&#x2019;re not familiar with hackathons, they&#x2019;re events that can range from a couple of hours to multiple days where people &#x2013; traditionally designers and programmers &#x2013; collaborate to create prototypes of new products, services, or apps.<\/p>\n<p><a href=https:\/\/www.planview.com\/resource-center\/?resource_productbd=spigit&#038;resource_languagebd=english><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13447 size-full\" src=\"https:\/\/media.planview.com\/spigit-blog-media\/wp-content\/uploads\/2018\/07\/buyers-guide-2.png\" alt=\"Buyers Guide to Idea Management Software\" width=\"900\" height=\"175\"><\/a><\/p>\n<p>While hackathons are synonymous with the tech industry, we&#x2019;re starting to see more companies outside of technology &#x2013; financial services for example &#x2013; take the hackathon framework and adapt it to fit their goals and culture.<\/p>\n<p>In other words, companies are using hackathons to bring the expertise and skills of their employees together and create an environment where great ideas can be identified.<\/p>\n<p>This is why a hackathon can be a phenomenal way for you to take advantage of the energy and creativity of your employees, and leverage it to surface new ideas for products, services, experiences, even ways to tackle specific business challenges such as high customer churn.<\/p>\n<p>Here&#x2019;s an example. A Planview IdeaPlace customer, who is one of the largest mutual fund companies in the U.S., leverages hackathons to focus the energy of its employees on specific target problems.<\/p>\n<p>In a recent hackathon, the company was looking for new ways to improve customer experience ultimately to help customers make better investment decision. The winning idea that was selected came from an employee who thought of a creative way for customers to research and see how the company&#x2019;s mutual funds fit into their portfolio before buying.<\/p>\n<p>When coupled with <a href=https:\/\/www.planview.com\/products-solutions\/products\/spigit\/>idea software<\/a>, like Planview IdeaPlace, a hackathon can give every employee a voice no matter where they are in the world. This means valuable ideas won&#x2019;t fall through the cracks simply because a person is located in a remote office, or has a low-level role in the company.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_practices_for_corporate_hackathons_using_ideation_software\"><\/span><span class=\"header2\">Best practices for corporate hackathons using ideation software<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Now that you have context around what hackathons are and why they&#x2019;re useful, let&#x2019;s talk about best practices you can use to get the most out of them while using ideation software.<\/p>\n<ol>\n<li><strong>Define the why.<\/strong> Why are you running a hackathon? Why should employees be excited and care? If hackathons aren&#x2019;t a regular initiative in your company, you absolutely have to define the purpose behind it in order to maximize participation.<\/li>\n<li><strong>Focus on solving one problem.<\/strong> While the combination of a hackathon and ideation software can be used to help solve any business challenge or objective, it&#x2019;s important to hone in on just one problem you want your team to focus on. This will ensure everyone is marching to the same drum beat.<\/li>\n<li><strong>Enable the Voice of the Employee through voting.<\/strong> If you use ideation software such as Planview IdeaPlace, employees have the ability to vote on the ideas they believe are worthwhile.<\/li>\n<li><strong>Voting can be used in multiple ways for a hackathon.<\/strong> For example: You can use the voting capability to give employees the power to select the best ideas to be pitched to a panel of executives or experts. This creates a lot of excitement and anticipation.<\/li>\n<li><strong>Build teams that have diverse skills, knowledge, and experiences.<\/strong> Through internal research at Planview IdeaPlace, we&#x2019;ve found that teams that are made up of people that bring different skills, knowledge, and experiences to the table generate higher quality ideas.<\/li>\n<li><strong>Establish criteria for winning ideas.<\/strong> Transparency into how ideas are selected and advanced is critical to the overall experience of the hackathon.<\/li>\n<li><strong>Have clear timelines.<\/strong> While it varies for every company, some might have long hackathons while others short, having concrete timelines ensures everyone knows what to expect, when.<\/li>\n<\/ol>\n<h3><span class=\"header2\">Final thoughts<\/span><\/h3>\n<p>If organized the right way, hackathons can be a valuable initiative for your company. One that you can turn to as frequently as you&#x2019;d like to.<\/p>\n<p>Follow the best practices outlined in this article and you&#x2019;ll be well on your way to having corporate hackathons that uncover new opportunities, facilitate the creation of an innovative culture, and a lot more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#x201C;Every human being has a great idea.&#x201D; This quote by Lale Kesebi, Chief Communications Officer and Head of Strategic Engagement at Li &amp; Fung, perfectly sums up an opportunity that&#x2019;s right in front of every company&#x2019;s face. Whether your organization has 100 or 100,000 employees, each individual has ideas for new products or improvements, drawn&#8230;<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[1],"tags":[],"class_list":["post-14119","post","type-post","status-publish","format-standard","hentry","category-innovation-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Run Successful Corporate Hackathons - Spigit<\/title>\n<meta name=\"description\" content=\"How do you run successful corporate hackathons and how does ideation software supercharge your efforts? Read on to find out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/how-to-run-corporate-hackathons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Run Successful Corporate Hackathons with Ideation Software\" \/>\n<meta property=\"og:description\" content=\"How do you run successful corporate hackathons and how does ideation software supercharge your efforts? 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